- Dutch fintech startup Solvimon has raised $9.6 million in seed funding.
- The startup, founded by former Adyen execs, enables SaaS firms to offer usage-based pricing.
- Solvimon will use the additional capital to expand its footprint in Europe and the US.
Solvimon, a payments and billings startup, just raised $9.6 million in a seed round.
The Dutch company, founded in 2022, has developed a billing platform that centers on usage-based pricing. Traditionally, SaaS products have relied on predictability but now customers are increasingly demanding more usage-based deals.
“What we have seen is that the world is moving towards more flexible pricing,” Kim Verkooij, Solvimon cofounder and CEO told Insider.
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“From AWS, to Stripe, and HubSpot, dealings per transaction or user are more common and a new era of pricing requires a new way of billing.”
Verkooij and cofounder Etienne Gerts built the internal billing platform at former employer Adyen and saw this shift firsthand. Solvimon’s billing engine helps generate invoices and processes payments in real-time rather than monthly to help provide more flexibility to users.
The wider market for usage-based pricing has been boosted by the emergence of AI as a tailwind, Verkooij said. In addition, the rise of AI will likely lead to SaaS companies embedding AI services into their offerings which would by nature be usage-based, according to Verkooij.
Based in Utrecht, The Netherlands, Solvimon wants to grow its customer base and further develop its product using this funding round which was led by Northzone, alongside a variety of angel investors. The round took just two weeks to put together, Verkooij added.
Hiring is expected to focus on product engineers and the development of a commercial team with the task of expanding the company’s footprint in Europe and the US, Verkooij said.
Check out Solvimon’s seed funding pitch deck below:
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